Archive for the Personal Category

Kiwisaver

So, as part of signing up for a new job I’m also signing up for KiwiSaver. I’ve managed to put off learning about this for a while now but last night I finally put the time in to do a bit more reading. I knew the scheme is reputed to be generous and is generally seen to be well worth it for the individual but I needed to choose a provider and a scheme.

As my government-enforced retirement age of 65 is some years off I have chosen a growth-oriented scheme with a concentration in the share market. My understanding is that, over the long term, share markets have historically given the best returns. Of course this won’t go so well if we have an economic collapse triggered by climate change or runaway gray-goo or whatever and slide into a post-technological world - but my retirement plans are going to be in trouble if that happens anyway.

More importantly, I have chosen a ‘passive’ fund. This is one where they don’t have smart managers who wheel and deal to choose the best stocks/investments at any given time. Instead they just invest in shares/securities so that the fund tracks well-known indexes like the NZX 50. Therefore if the stock market as a whole goes up you’re winning, and vice-versa. It’s easier to manage so fees are a lot less.

Now, the interesting thing about ‘dumb’ passive funds is that they typically out-perform the ’smart’ active funds. All that wheeling and dealing costs money (in transaction and management costs) and any increased returns are typically eaten by that. Indeed, I seem to recall that actively managed funds typically perform worse than passive funds, even *before* transaction and management costs are taken into account. Most people aren’t Warren Buffett and are apparently pretty crap at investing. Of course, the managers still get paid their lovely salaries so at least they’re happy about it.

The only major flaw in KiwiSaver (from my selfish perspective) is that the government doesn’t guarantee the investments - but also doesn’t let you spread your risk by splitting your KiwiSaver contributions between 2 or more companies. So, it looks like all my eggs will be going into the scheme run by the ASB.

Civilly Unioned Bliss

According to Statistics NZ, there were 21,500 resident couples who married last year while another 316 chose a civil union (103 male/male, 150 female/female and 63 male/female).

Those damn marriages are still winning!

Two Sort-of Animated Movies

Recently I have seen two semi-animated films for the second time - Sin City and Waking Life.

Waking Life is the sort of movie that makes me feel inarticulate just because everyone in it talks so damn much. As normal it has given me an urge to read some more philosophy, possibly starting with existentialism.

Sin City is great - I love the visual style and the brutal relentlessness of its pastiche of a script. Somehow it takes our shared understanding of the cliches of the 30s noir gangster movies, turns them all up to 11 and then adds a dash of eternal champion.

Next will be A Scanner Darkly.

Hitchhiking in New Zealand

Kim and I bought a car online and had to travel from Whangamata to Levin to pick it up. Just to make things interesting we decided to hitchhike - in the middle of winter, across the highest and coldest part of the North Island of New Zealand, the Desert Road. The 511km trip took two days.

John picked us up at just after 8am in Whangamata and gave us a lift to Waihi. He’s lived in Whangamata for 4-5 years after moving there from his farm. We passed the farm on the way and John told us he’d just sold it. His son had been managing it but can’t afford to buy it so now he’s out of a job. John is helping him get a quarrying business going on a corner of the old farm and was on his way to the hardware store to get some equipment so they can get the new 10 ton hammer crusher going.

Then a man from Blackpool who has been living in NZ for about 15 years gave us a lift from Waihi to Paeroa. He seemed to approve of what we were doing with our lives, and told told us that he used to run his own business in the UK until he had a nervous breakdown at the age of 35. Now he says he concentrates on what’s important - enjoying what he’s doing and keeping healthy. He said that money isn’t nearly as important as people think it is and he enjoys working in an op shop.

After a long, long wait in Paeroa, Ruby stopped and gave us a lift to Te Aroha. She was in her 50s and had just been to the gym - maybe having tired muscles explained her slightly wonky driving. I had a bit of a problem understanding her as she spoke very quietly and had a thick Maori/country accent. She knew of Kim’s parents - Te Aroha is a small town.

We were only waiting in Te Aroha for a few minutes. A young man had seen us waiting in Paeroa but didn’t pick us up there as he had a few errands to run first. Seeing us again in Te Aroha he pulled over and took us to Hamilton. He warned us that the vehicle might not last the distance as he was taking it in to have more work done on it - apparently you should never buy an Isuzu Trooper. On the other hand, he did like owning a 4WD as he could take his family to the forest in it. You could tell it was a real four wheel drive becuase it had mud both inside and out.

Shayna stopped in Hamilton because she thought Kim looked cold wrapped up in her green woollen blanket. Her kids are all grown up now and we encouraged her to go ahead with her plans to travel to China for four months. She dropped us off at an intersection in the middle of nowhere - but still on State Highway 1 so getting another lift wouldn’t be a problem.

Kim hitching.

Car number 29 was Henry’s little red Mitsubishi FTO sportscar. He’d already been from Napier to Auckland that day and was on his way back. A man of few words and a loud stereo, I did discover that he thinks that James Brown’s first album was the best. Henry is also a trusting type and left us in the car with the keys while he went for a toilet stop in Putaruru. He dropped us off in Taupo where after waiting for half an hour and, getting steadily colder, we decided to stay for a bath and the night.

The next morning we didn’t have to wait long in Taupo before a woman stopped for us. She was on her way to from Rotorua to Waiouru to pick up a relative. It was her day off from working in one of the resorts just south of Rotorua. We discussed how hard it is to learn a new language and how most tourists thankfully speak at least a little English.

Waiouru was cold cold COLD! The wind was being chilled by a snow-covered and very impressive Mt Ruapehu to the north. Luckily Matt in car number 12 took pity on us and stopped - after all, he’s done a lot of hitch-hiking himself. He was on his way to Palmerston North for a funeral and I made a mental note not to tell him to “have a nice day” when he dropped us off. Matt and his wife came back last year from spending five years overseas in the UK, Europe, South America and Asia. Apparently it took him a bit of time to adjust to living in the same country as his family again - he had to keep spending time with them. He dropped us off in Shannon and there wasn’t much further for us to go.

Matthias was an older German man in a campervan. His son failed to get into university six months ago and decided to go traveling in New Zealand instead, and Matthias came over to spend a few weeks with him and see around New Zealand a little bit himself. Apparently his son has taken advantage of the low male:female ratio amongst German backpackers and has hooked up with a girl from home. Matthias took the chance to ask a local some of the questions he had about his travels in New Zealand, such as whether we’d always had lots of Maori place names (yes) or was it a new trend (no).

And then we were in Levin to buy the car from Jim and Molly. They’ve been in New Zealand for 10 months and chose Levin because Molly got a job as a doctor there. Jim just took the time off and looked after their young child. I guess they couldn’t have liked it here too much as they’re heading back to Seattle the next day. I bet they were glad to get the cash for their car before they left!

On the way home we resolved to pick up any hitchhikers we saw - it just seemed the karmically correct thing to do. We’d given up on seeing any as it was getting dark and rainy, and then north of Taupo I just spotted a shape at the side of the road. Sharon seemed far too young to be on her way to visit her daughter in Tokoroa. We dropped her off in the rain and headed home in our new vehicle.

The car!

Selling Books

The book selling business is going slowly. We’ve now sold three military history books to a collector in the US for US$150 - plus a whopping US$65 in postage. Oh, and a copy of the Australasian Girl’s Annual of 1917 to a friend in Wellington.

We’re getting the books from my father who runs “Ohope’s Famous Bookshop on the Lawn” as recently seen on TV’s Close-Up show. You can watch the video here, click on “Leaves on the Lawn”. He goes through many, many books each year and picks out stuff that he thinks is rare or otherwise interesting to collectors.

We’ve got a few auctions up at Ebay and Trademe. My favourite is the 1919 copy of the Treaty at Versailles.

The odd thing is that I don’t really understand the book collectors. I see the point of owning books you wish to read or refer to, but owning books just for the sake of it doesn’t make sense to me.

Even weirder is the whole idea of valuing first editions over a later edition. To me the value of a book is in the words and ideas recorded in it, not the thing itself, especially for mass-produced items like books. I’m looking forward to Google scanning all the books in the world and making them available over the internet.

Life Update

Life in Whangamata is going well. We’re enjoying ourselves, living healthily, and getting some useful work done on our projects. It’s been great to have a few people to stay (my father and his wife, and everyone who came up/down to celebrate the Queen’s birthday) and Kim’s parents will be the next visitors. However, this can’t go on forever and we’re starting to do more planning for the next phase of our lives.

Stage 1 from August onwards is getting some IT contracts to bring in some money. I’ll concentrate mainly on the fields of system administration and technical writing as short term contracts are often available. If there’s any gaps between contracts we might do some part-time work in exchange for board through Help Exchange.

So far I’m already booked to spend September in Wellington working as a relieving Windows sysadmin/troubleshooter. We’ll be in Wellington for Kim’s birthday!

Stage 2 is going to more of the settling down stage. We’re both keen on getting a house + dog and it looks as though moving to Dunedin might be a good option for that. It also has a university for further study and would allow us to explore the South Island. We’re still not sure on this one yet and it will require more thought.

Oh, and I’m thinking of buying a people-mover style van (Toyota Previa/Estima style). Anyone got one for sale?